News & Reviews

Think Tank: Luxottica, Essilor Merger Is Bad for Brands — and Consumers Too

Luxottica, the world’s largest manufacturer of eyeglass frames, has recently merged with Essilor, the world’s largest producer of lenses. While the companies will no doubt reap major dividends from the $50 billion dollar deal, this kind of merger is bad news for brands — and even worse news for consumers.Here’s some background. Based in France, Essilor controls a whopping 45 percent of the global market share for lenses. They also own the direct-to-consumer e-commerce sites Coastal.com,...

Vetr Inc. disclosed Ralph Lauren Corp (NYSE:RL), bumping its target to $77.89 earlier today

Vetr Inc. raised the target price of Ralph Lauren Corp (NYSE:RL) to $77.89 reporting a potential downside of -0.02%. Previously on 4/04/2017, Vetr Inc. released a statement on Ralph Lauren Corp (NYSE:RL) upped the target price from $0.00 to $77.89 that suggested a downside of -0.04%.Displaying a price of $79.28, Ralph Lauren Corp (NYSE:RL) traded -1.77% lower on the day. The last stock close price is down -13.95% from the 200-day moving average, compared to the Standard & Poor's 500 Index...